Charles Schwab (NYSE:SCHW) Earns Market Outperform Rating from JMP Securities

JMP Securities reiterated their market outperform rating on shares of Charles Schwab (NYSE:SCHWFree Report) in a report published on Tuesday morning, Benzinga reports. They currently have a $80.00 price objective on the financial services provider’s stock.

Several other research analysts have also recently commented on SCHW. Piper Sandler boosted their price target on shares of Charles Schwab from $75.00 to $78.00 and gave the stock an overweight rating in a report on Friday, April 12th. Bank of America upped their price target on shares of Charles Schwab from $68.00 to $70.00 and gave the company an underperform rating in a research report on Tuesday, April 16th. TD Cowen reduced their price target on shares of Charles Schwab from $92.00 to $88.00 and set a buy rating for the company in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Charles Schwab from $86.00 to $83.00 and set a buy rating for the company in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the company an overweight rating in a research report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Charles Schwab has a consensus rating of Hold and a consensus target price of $75.12.

View Our Latest Research Report on SCHW

Charles Schwab Price Performance

Charles Schwab stock opened at $71.88 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market capitalization of $127.75 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 1.07 and a beta of 0.98. The company’s 50 day simple moving average is $73.77 and its 200-day simple moving average is $67.63. Charles Schwab has a 1 year low of $48.66 and a 1 year high of $79.49.

Charles Schwab (NYSE:SCHWGet Free Report) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. As a group, equities research analysts expect that Charles Schwab will post 3.31 earnings per share for the current year.

Charles Schwab Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. Charles Schwab’s dividend payout ratio (DPR) is presently 41.84%.

Insider Transactions at Charles Schwab

In other news, insider Bernard J. Clark sold 77,431 shares of Charles Schwab stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the completion of the sale, the insider now directly owns 121,666 shares in the company, valued at $8,630,986.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $78.41, for a total value of $705,690.00. Following the sale, the director now directly owns 574,257 shares of the company’s stock, valued at $45,027,491.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bernard J. Clark sold 77,431 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total transaction of $5,492,955.14. Following the completion of the sale, the insider now directly owns 121,666 shares in the company, valued at $8,630,986.04. The disclosure for this sale can be found here. Insiders sold a total of 685,467 shares of company stock worth $50,752,095 over the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SCHW. WealthPlan Investment Management LLC acquired a new position in Charles Schwab during the third quarter valued at approximately $1,458,000. Schechter Investment Advisors LLC lifted its position in Charles Schwab by 5.4% during the third quarter. Schechter Investment Advisors LLC now owns 6,469 shares of the financial services provider’s stock valued at $355,000 after buying an additional 331 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Charles Schwab by 22.0% during the third quarter. Cornerstone Wealth Management LLC now owns 5,765 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 1,040 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Charles Schwab by 17.6% during the third quarter. Great Valley Advisor Group Inc. now owns 18,324 shares of the financial services provider’s stock worth $1,006,000 after purchasing an additional 2,746 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Charles Schwab during the third quarter worth $421,000. 84.38% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Company Profile

(Get Free Report)

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.

Further Reading

Analyst Recommendations for Charles Schwab (NYSE:SCHW)

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